Del and List, Here is today's press release: NASHVILLE, TN (November 1, 2001)>: Gibson Guitar Corporation announced today that it has signed a letter of intent to purchase GE Capital's rights under a contract to acquire the assets of the Baldwin Piano & Organ Company. GE Capital, the secured lender for Baldwin, signed a contract to acquire the Baldwin assets in a credit auction on October 15, after the piano maker filed Chapter 11 bankruptcy in May of this year. GE Capital is Baldwin's largest secured creditor. "Our acquisition of Baldwin will represent a new exciting chapter in two century-old musical instrument institutions, Gibson and Baldwin," said Gibson Chairman and CEO Henry Juszkiewicz. "Both Baldwin and Gibson reflect a dedication to American craftsmanship and product excellence and innovation. We expect Baldwin to achieve new levels of growth and financial success for it's employees, dealers and consumers as we make music in the new century." Bill Jeffreys Tyler, TX
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